Two weeks on, the initial responses to the Union Budget for 2017-18 have faded, and have largely been replaced by puzzled head-scratching. Unlike the last Budget, this one does not seem to represent the same sort of forward movement. It does not respond to the needs of India’s economy, or attempt to frame the economy’s future; it is, in its essentials, its mathematics and its thrust, entirely shaped by demonetisation alone.
This is unfortunate. For the Budget was supposed to help India recover from the damage that that ill-conceived and poorly-implemented decision had done to the economy. Instead, it
This is unfortunate. For the Budget was supposed to help India recover from the damage that that ill-conceived and poorly-implemented decision had done to the economy. Instead, it
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